WWW Options History — February 2023

In February 2023, WWW traded between $14.46 and $16.96. ATM implied volatility averaged 59.7%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 12.0% (HV 20d: 47.7%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.67.

Notable Days

  • 2023-02-14: Highest Volume — 5,501 contracts
  • 2023-02-03: Largest IV spike — 129.1% change
  • 2023-02-06: Highest IV Rank — 17.2%
  • 2023-02-22: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.75$14.46$16.96$16.13$16.69
Max Pain$10.13$10.00$12.50$12.50$10.00
ATM IV59.7%32.9%78.1%47.7%48.8%
Expected Move17.0%13.7%19.4%13.7%14.0%
HV 20d47.7%42.7%54.4%51.4%54.3%
HV 60d63.4%48.8%107.4%107.4%51.3%
IV Rank10.3%0.3%17.2%5.8%6.3%
IV Percentile60.0%0.4%94.4%14.7%17.5%
Term Structure-2.0%-15.4%15.9%15.9%4.2%
VWIV59.3%45.8%72.7%45.8%59.5%
Skew 25d9.8%-5.7%27.1%3.0%14.3%
Skew 10d18.6%-31.8%46.6%3.6%31.2%
Call IV 25d55.2%39.9%74.9%45.7%47.1%
Put IV 25d65.0%48.8%74.5%48.8%61.3%
Bid-Ask Spread %63.4942.9987.7287.7259.09
Gamma HHI0.370.330.440.350.44
Net GEX187.0K134.9K209.8K187.5K134.9K
Net DEX-15.9M-18.4M-12.4M-16.6M-17.9M
Net VEX-17.2K-23.6K-10.0K-23.6K-10.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.003.140.010.07
Total Volume551.105155,501377568
Total OI15,103.36814,31717,14215,11114,591

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$16.13$12.5047.7%13.7%51.4%5.8%45.8%3.0%15.9%187.5K-16.6M-23.6K0.0187.72N/AN/A375213,6651,446
2023-02-02$16.27$10.0032.9%17.2%51.5%0.3%52.5%-3.7%-7.8%188.3K-17.8M-20.4K0.0673.70N/AN/A7004313,7661,447
2023-02-03$16.18$10.0075.5%18.1%42.7%16.3%53.8%23.6%-5.3%209.6K-17.9M-22.1K0.1377.26N/AN/A1802314,3741,473
2023-02-06$15.71$10.0078.1%17.6%46.2%17.2%64.6%14.4%-5.2%207.6K-16.3M-19.9K0.5052.76N/AN/A603013,7431,455
2023-02-07$15.57$10.0062.4%16.7%47.0%11.4%58.1%-0.4%-0.6%209.8K-15.5M-22.2K0.0048.48N/AN/A863013,7331,474
2023-02-08$14.98$10.0062.1%17.8%46.5%11.2%72.7%0.9%-4.2%190.6K-14.1M-18.9K1.6576.10N/AN/A528612,8791,474
2023-02-09$14.55$10.0060.3%17.3%44.0%10.6%58.4%27.1%-2.7%207.1K-12.7M-19.7K0.1975.61N/AN/A27512,9161,521
2023-02-10$14.46$10.0064.6%18.5%43.1%12.2%68.1%17.8%-7.0%205.1K-12.4M-20.2K3.1475.58N/AN/A72212,9071,521
2023-02-13$14.84$10.0058.9%16.9%43.4%10.0%60.2%9.4%-2.5%207.3K-13.6M-18.4K1.1452.75N/AN/A7812,9061,518
2023-02-14$15.67$10.0061.2%17.5%46.7%10.9%57.6%11.2%-3.7%182.2K-15.6M-16.5K0.0063.48N/AN/A5,4802112,9091,526
2023-02-15$16.05$10.0059.9%17.2%46.1%10.4%56.0%10.2%-4.6%204.0K-16.6M-15.4K0.2459.68N/AN/A2796815,4481,529
2023-02-16$15.74$10.0065.0%18.6%46.5%12.3%62.3%12.4%-8.5%184.2K-15.9M-16.1K0.2665.22N/AN/A1173015,4531,556
2023-02-17$15.71$10.0059.2%17.0%46.6%10.1%59.9%10.1%9.2%181.6K-16.1M-15.8K0.0256.57N/AN/A190415,5491,593
2023-02-21$15.21$10.0062.9%18.0%44.8%11.5%64.4%12.4%9.0%206.2K-14.2M-16.8K1.8566.66N/AN/A7213312,9741,343
2023-02-22$15.91$10.0067.7%19.4%46.6%13.3%66.8%11.6%-15.4%193.4K-15.9M-15.1K1.0653.53N/AN/A26528112,9831,585
2023-02-23$16.96$10.0050.0%14.3%49.5%6.7%52.5%9.3%0.2%143.6K-18.4M-11.6K0.1248.71N/AN/A2443012,7951,823
2023-02-24$16.02$10.0058.1%16.7%54.3%9.7%58.1%7.6%4.4%167.2K-16.4M-12.9K0.2542.99N/AN/A832112,7321,830
2023-02-27$16.54$10.0058.8%16.9%54.4%10.0%55.4%-5.7%-12.8%142.7K-17.5M-11.3K1.9770.47N/AN/A326312,6791,848
2023-02-28$16.69$10.0048.8%14.0%54.3%6.3%59.5%14.3%4.2%134.9K-17.9M-10.0K0.0759.09N/AN/A5333512,6941,897